other material
confidence high
sentiment neutral
materiality 0.40
Brinker International awards EVP Steve Provost $650k retention bonus during CEO transition
BRINKER INTERNATIONAL, INC
- $650,000 cash retention bonus for Steve Provost, EVP and President of Maggiano's, approved by Board on June 30, 2022.
- Bonus earned only if Mr. Provost remains employed through end of fiscal 2023; payable in July 2023.
- Bonus accelerates and is payable within 30 days upon Change of Control or termination without Cause.
- Intended to retain key executive during the company's CEO transition.